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Marine Cargo Insurance

As any business that has transported its products knows, it can be a cold, cruel world. Whether dropped, jettisoned, mishandled, improperly packed, or stolen, your company’s goods simply may not make it to your buyers in the shape you intended—or not at all.

And even if your freight carrier offers cargo coverage, the insurance is often limited and probably doesn’t cover what you thought it would. Identifying the gaps can be a complicated process. In addition, your company may even be on the hook for another company’s shipment if its goods are lost or had to be jettisoned but your goods arrived safely.

Marine cargo insurance reimburses a business for financial losses stemming from damages of consignment while in transit. It may sound straightforward, but marine cargo is like no other property insurance.

For example, the transfer of insurance happens at specific delivery points. It’s important to know when one form of coverage terminates and another should kick in. And entrusting coverage to just any insurer tends to be unwise, especially if a problem arises in international waters or on foreign soil. More than ever, you need a specialist with precise technical knowledge of marine law and the cargo insurance market.

As the nation’s premier specialty retail insurance brokerage company, Alliant Insurance Services has the depth of experience and breadth of resources that goes beyond the expertise found elsewhere in the market. Tailoring a quality solution that delivers on protection is a commitment that drives each of our risk consultants.